Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Of Financial Assets And Liabilities Tables [Line Items]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values:

	Fair Value Measurements as of March 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents - money market funds	$	7,554	$	—	$	—	$	7,554
Convertible note receivable		—		—		2,115		2,115
	$	7,554	$	—	$	2,115	$	9,669
Liabilities:
Acquisition-related contingent consideration obligations	$	—	$	—	$	87,013	$	87,013
Contingent stock consideration		—		—		76		76
Short-term debt - Yorkville		—		—		30,945		30,945
Warrant liability - May 2022 PIPE Warrants		—		—		491		491
Warrant liability - Sponsor Warrants		—		—		510		510
Warrant liability - Public Warrants		862		—		—		862
	$	862	$	—	$	119,035	$	119,897

	Fair Value Measurements as of December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents - money market funds	$	12,174	$	—	$	—	$	12,174
Convertible note receivable		—		—		2,514		2,514
	$	12,174	$	—	$	2,514	$	14,688
Liabilities:
Acquisition-related contingent consideration obligations	$	—	$	—	$	105,945	$	105,945
Contingent stock consideration		—		—		186		186
Short-term debt - Yorkville		—		—		37,603		37,603
Warrant liability - May 2022 PIPE Warrants		—		—		1,402		1,402
Warrant liability - Sponsor Warrants		—		—		1,190		1,190
Warrant liability - Public Warrants		1,006		—		—		1,006
	$	1,006	$	—	$	146,326	$	147,332

Schedule of Reconciliation of Contingent Consideration Obligations Measured on a Recurring Basis

The following table presents a reconciliation of contingent consideration obligations measured on a recurring basis using Level 3 inputs as of March 31, 2023 and December 31, 2022:

	Balance as of December 31, 2022		Net transfers in to (out of) Level 3		Purchases, settlements and other net		Fair value adjustments			Balance as of March 31, 2023
Liabilities:
Acquisition-related contingent consideration obligations	$	105,945	$	—	$	—	$	(18,932	)	$	87,013

	Balance as of December 31, 2021		Net transfers in to (out of) Level 3		Purchases, settlements and other net		Fair value adjustments			Balance as of December 31, 2022
Liabilities:
Acquisition-related contingent consideration obligations	$	232,222	$	—	$	—	$	(126,277	)	$	105,945

Schedule of Aggregate Fair Values of the Warrant Liability

The following table provides a roll-forward of the aggregate fair values of the Company’s warrant liabilities for which fair values are determined using either Level 1 or Level 3 inputs:

Balance as of December 31, 2021	$	25,962
May 2022 PIPE warrant issuance		19,745
Gain recognized in earnings from change in fair value		(42,109	)
Balance as of December 31, 2022	$	3,598
Balance as of December 31, 2022	$	3,598
Gain recognized in earnings from change in fair value		(1,735	)
Balance as of March 31, 2023	$	1,863

Schedule of Fair Value of the Liability Classified Warrants

	March 31, 2023		December 31, 2022
Public Warrants	$	862	$	1,006
Sponsor Warrants		510		1,190
May 2022 PIPE Warrants		491		1,402
Total	$	1,863	$	3,598

Schedule of Convertible Note Valuation Model

Significant inputs for the convertible note valuation model are as follows:

	March 31, 2023			December 31, 2022
Face value	$	4,000		$	4,000
Coupon rate	12% - 17%			12% - 17%
Stock price	$	0.04		$	0.02
Term (years)	.76 - 3.45			1.01 - 3.45
Risk-free interest rate		4.79	%		4.73	%
Volatility	n/a			n/a

Schedule of Reconciliation of Contingent Stock Consideration Obligations Measured on a Recurring Basis

The following table presents a reconciliation of the contingent stock consideration obligation measured on a recurring basis using Level 3 inputs as of March 31, 2023 and December 31, 2022:

	Balance as of December 31, 2022		Net transfers in to (out of) Level 3		Purchases, settlements and other net		Fair value adjustments			Balance as of March 31, 2023
Liabilities:
Contingent stock consideration	$	186	$	—	$	—	$	(110	)	$	76

	Balance as of December 31, 2021		Net transfers in to (out of) Level 3		Purchases, settlements and other net		Fair value adjustments		Balance as of December 31, 2022
Liabilities:
Contingent stock consideration	$	-	$	—	$	—	$	186	$	186

Schedule of Roll-forward Aggregate Fair Values of the Yorkville Debt

The following table provides a roll-forward of the aggregate fair values of the Company’s Yorkville debt for which fair values are determined using Level 3 inputs:

Liabilities:
Balance as of December 31, 2022	$	37,603
Conversion of debt into common shares		(3,510	)
Principal repayments		(1,618	)
Fair value adjustment through earnings		1,280
Fair value adjustment through accumulated other comprehensive income		(2,810	)
Balance as of March 31, 2023	$	30,945

Schedule Of Yorkville short-term debt valuation model

Significant inputs for the Yorkville short-term debt valuation model as of December 31, 2022 were as follows:

	December 31, 2022
Common share price	$	1.29
Credit spread		13.71	%
Dividend yield		0	%
Term (years)		0.71
Risk-free interest rate		4.75	%
Volatility		45.0	%
Discount yield		18.46	%

GX Sponsor Warrants

Fair Value Of Financial Assets And Liabilities Tables [Line Items]

Schedule of Fair Value of Warrants Issued

Significant inputs for the Sponsor Warrants are as follows:

	March 31, 2023			December 31, 2022
Common share price	$	0.62		$	1.29
Exercise price	$	11.50		$	11.50
Dividend yield		0	%		0	%
Term (years)		3.3			3.5
Risk-free interest rate		3.78	%		4.16	%
Volatility		91.0	%		75.0	%

May 2022 PIPE Warrants

Fair Value Of Financial Assets And Liabilities Tables [Line Items]

Schedule of Aggregate Fair Values of the Warrant Liability

Significant inputs for the May 2022 PIPE Warrants are as follows:

	March 31, 2023			December 31, 2022
Common share price	$	0.62		$	1.29
Exercise price	$	8.25		$	8.25
Dividend yield		0	%		0	%
Term (years)		4.1			4.4
Risk-free interest rate		3.71	%		3.99	%
Volatility		89.6	%		81.2	%